Sujal And Meera Patel Foundation
- Assets
- $4.7m
- Revenue
- $120.9k
- Investments
- $4.7m
- Employees
- 0
- Location
- Kirkland, WA
- Founding
- 12/2011
- Data as of
- 12/2023
- EIN
- 27-4038029
Organization Overview
Sujal And Meera Patel Foundation is located in Kirkland, WA. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sujal And Meera Patel Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Sujal And Meera Patel Foundation generated $120.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $453.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sujal And Meera Patel Foundation has awarded 81 individual grants totaling $4,333,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sujal Patel President/treasurer | 5 | $0 | |
Meera Patel Vp/secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,407 |
| Dividends & Interest | $109,989 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,504 |
| Capital Gain Net Income | $8,504 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,900 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,307 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,553 |
| Total operating and administrative expenses | $19,325 |
| Contributions, gifts, grants paid | $434,500 |
| Total expenses and disbursements | $453,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,594 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,675,960 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,723,554 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sujal And Meera Patel Foundation has awarded $434,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BERTSCHI SCHOOL PURPOSE: SUPPORT PROGRAMS TO DEVELOP EACH STUDENT'S POTENTIAL TO BECOME AN INTELLECTUALLY COURAGEOUS AND SOCIALLY RESPONSIBLE CITIZEN OF THE WORLD. | $7,500 |
FRED HUTCHISON CANCER RESEARCH PURPOSE: SUPPORT CANCER RESEARCH. | $25,000 |
CREATIVE VISIONS FOUNDATION PURPOSE: SUPPORT, PROMOTE AND AMPLIFY THE WORK OF CREATIVE ACTIVISTS | $25,000 |
RAINIER SCHOLARS PURPOSE: TO SUPPORT THE CREATION OF TRANSFORMATIVE EDUCATIONAL AND CAREER OPPORTUNITIES TO SCHOLARS AND THEIR FAMILIES. | $25,000 |
SEATTLE CHILDRENS HOSPITAL FOUNDATION PURPOSE: TO SUPPORT QUALITY, CLINICAL AND COMPASSIONATE CARE FOR CHILDREN AND THEIR FAMILIES. | $30,000 |
UNIVERSITY OF WASHINGTON FOUNDATION PURPOSE: SUPPORT PROGRAMS TO DEVELOP EACH STUDENT'S POTENTIAL TO BECOME AN INTELLECTUALLY COURAGEOUS AND SOCIALLY RESPONSIBLE CITIZEN OF THE WORLD. | $30,000 |